December 2, 2016

UNITE HERE and Food & Water Watch deliver letter asking Ares and its investors to stop funding the Pilgrim Pipelines

On December 1st, Marcos Feldman of UNITE HERE and Andrea Leon-Grossmann of Food and Water Watch delivered a letter to Ares Management’s Los Angeles headquarters calling on Ares and its investors to withdraw funding from the environmentally destructive Pilgrim Pipelines. The letter has been signed by 97 advocacy organizations and 211 individuals. Marcos and Andrea […]

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November 16, 2016

In letter, Members of the Baltimore City Council express concern about Oaktree’s investment in residential mortgages in Baltimore City and County

A pdf of the letter can be viewed here. Copy of the text follows:   Select Members of Baltimore City Council Baltimore City Hall 100 Holliday Street Baltimore, Maryland 21202 Phone: (410) 396-31000   Bruce Karsh Chief Investment Officer, Oaktree Capital Management, L.P. 333 South Grand Ave., 28th Floor Los Angeles, CA 90071   Dear Mr. […]

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October 14, 2016

UNITE HERE hosts discussion on risks of alternative managers like Ares Management at Council of Institutional Investors Fall Conference

On September 29, UNITE HERE hosted a panel discussion at the 2016 Fall Conference of the Council of Institutional Investors highlighting the risks of alternative asset managers for institutional investors. Entitled “Bigger Isn’t Always Better,” the meeting focused on Ares Management as a case study in alternative manager risk. Panelists included: JJ Jelincic, an elected member […]

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September 28, 2016

Community and environmental advocates call on Ares Management to stop funding destructive Pilgrim Pipeline

97 community and environmental advocates and 211 individuals in New York and New Jersey have called on Ares Management and its investors to withdraw funding for Pilgrim Pipeline, the proposed 170-mile bi-directional oil pipelines in New York and New Jersey. In a letter sent to Ares and several of its key investors, advocates pledged to […]

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September 14, 2016

Is your private equity manager pushing to reduce disclosure to the SEC, investors?

Late last week, the US House of Representatives passed the “Investment Advisers Modernization Act” (HR 5424), a bill backed by the private equity industry that would reduce disclosures by private equity managers to the Securities and Exchange Commission (SEC).[i]   Recent media coverage:   New York Times: “Private Equity Tries to Chip Away at Dodd-Frank […]

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September 7, 2016

Following $150 million in settlements for misleading investors, US House considering bill to reduce private equity disclosure

UNITE HERE President D Taylor wrote the below letter to members of the US House of Representatives, who later this week are considering a bill to reduce private equity disclosure and protections that keep private equity firms from defrauding the public:   Dear Representative, As you know, the House of Representatives may be considering HR […]

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August 4, 2016

Wall Street Journal Reports: Travel Expenses Enter LPs’ Radar Screens

Wall Street Journal Reports: Travel Expenses Enter LPs’ Radar Screens On July 5, 2016 Wall Street Journal‘s Chris Cumming reported: “Travel Expenses Enter LPs’ Radar Screens”. The article (available with a subscription here) states that: “With regulators and limited partners demanding more transparency on fund expenses, some private-equity firms are taking a new look at one […]

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July 27, 2016

Employees release video on conditions at GEM Realty Capital’s Sofitel Los Angeles

Employees at GEM Realty Capital’s Sofitel Los Angeles Hotel have raised a number of issues including health and safety concerns, unfair labor practice charges, and a wage & hour complaint. Please take a look at this video from Sofitel employees about the situation they face: Despite these concerns, GEM Realty Capital has refused to open […]

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July 21, 2016

Yucaipa Cos moves into the hospitality industry, refuses to enter into labor peace agreements in unionized markets

In the past few years, Los Angeles-based private equity manager Yucaipa Cos had moved into the hospitality industry in a big way, funding construction or renovation of thirteen hotels in cities such as Chicago, Los Angeles, Washington DC, New York City, Miami, and Scottsdale, Arizona. In doing so, Yucaipa and its partners have largely opened […]

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July 11, 2016

Nevada political leaders call on private equity firms TPG and Leonard Green to protect jobs at the Palms

Nevada elected officials are calling upon the owners of the Palms Casino to guarantee that workers’ jobs will be protected during the casino’s pending ownership transition. In May, the Palms announced a sale that is likely to close within a few months. The politicians signed letters to current private equity owners of the Palms Casino, […]

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